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CMS Successful for Philicon-97 in Compensation Claim from Bulgarian Ministry of Finance

CMS Successful for Philicon-97 in Compensation Claim from Bulgarian Ministry of Finance

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CMS Sofia has successfully represented Philicon-97 in a dispute against the Ministry of Finance of the Republic of Bulgaria involving the country's feed-in tariff.

According to CMS, in a ruling in June 2021, "Bulgaria’s Supreme Court of Cassation supported Philicon-97 AD’s claim for compensation for the 20 % reduction in the feed-in tariff that was enacted by the Bulgarian legislature in 2013 and then repealed by the Bulgarian Constitutional Court in 2014." The firm added that this second success – following CMS's win on behalf of Bezmer Energy (reported by CEE Legal Matters on January 7, 2021) – is "streamlining the case-law of the Supreme Court of Cassation in relation to all other pending cases related to the feed-in tariff cuts in Bulgaria."

CMS's team was led by Sofia Managing Partner Kostadin Sirleshtov and Partner Assen Georgiev and included Associate Yana Antonova and Trainee Teodora Peycheva.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.